Why Core Lithium, Harvey Norman, TechnologyOne, and Tyro shares are dropping

These ASX shares are ending the week in the red.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a decline. At the time of writing, the benchmark index is down 0.4% to 7,059 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down almost 3% to 27.2 cents. Falling lithium prices and a broker downgrade have been weighing on this miner's shares this week. In respect to the latter, Citi downgraded Core Lithium's shares to a sell rating with a 29 cents price target.

Harvey Norman Holdings Limited (ASX: HVN)

The Harvey Norman share price is down 4.5% to $3.75. This morning, UBS responded to the retail giant's trading update by retaining its neutral rating and $3.75 price target. The broker has concerns over market share losses and headwinds in certain categories.

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is down 2.5% to $15.28. This appears to have been driven largely by weakness in the tech sector on Friday. This has seen the S&P/ASX All Technology Index (ASX: XTX) fall almost 1% this afternoon. In other news, TechnologyOne's CEO sold a large number of shares on-market this week.

Tyro Payments Ltd (ASX: TYR)

The Tyro share price is down 3% to $1.03. This morning, this payments company revealed that point of sale company Kounta is appealing a court ruling. On 16 November, the court made orders restraining Kounta from soliciting, inducing or otherwise attempting to persuade any Tyro merchant to become a merchant of any entity providing Acquiring Services. Tyro intends to contest Kounta's appeal.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One and Tyro Payments. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended Technology One and Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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